Company News, Financial News

Sales Fall, Losses Rise At CCA Industries

New agreement with Emerson Group will lower costs.

Author Image

By: TOM BRANNA

Editor

CCA Industries, Inc.'s sales and profits plunged in the fiscal year ended November 30, 2013.  Sales fell more than 25% to $38.8 million and the company reported a net loss of more than $6.1 million as compared to a net income of $465,452 for fiscal 2012.  Sales fell nearly 50% in the fourth quarter to $6.0 million, due to lower sales of the company's nail color brand and diet brand, combined with higher reserves for returns and inventory related to the nail color brand. “As pr...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters